First Eagle Investment Management LLC Lifted Its Stake in Servicemaster Global Hldgs I (SERV) by $7.41 Million

October 13, 2018 - By Vivian Park

ServiceMaster Global Holdings, Inc. (NYSE:SERV) Logo

First Eagle Investment Management Llc increased its stake in Servicemaster Global Hldgs I (SERV) by 15.6% based on its latest 2018Q2 regulatory filing with the SEC. First Eagle Investment Management Llc bought 125,581 shares as the company’s stock declined 0.68% while stock markets rallied. The hedge fund held 930,548 shares of the consumer services company at the end of 2018Q2, valued at $55.34 million, up from 804,967 at the end of the previous reported quarter. First Eagle Investment Management Llc who had been investing in Servicemaster Global Hldgs I for a number of months, seems to be bullish on the $5.88B market cap company. The stock increased 0.23% or $0.1 during the last trading session, reaching $43.38. About 1.49 million shares traded. ServiceMaster Global Holdings, Inc. (NYSE:SERV) has risen 23.23% since October 13, 2017 and is uptrending. It has outperformed by 7.61% the S&P500.

First Eagle Investment Management Llc, which manages about $40.71B US Long portfolio, decreased its stake in Imperial Oil Ltd (NYSEMKT:IMO) by 133,123 shares to 21.46 million shares, valued at $714.01M in 2018Q2, according to the filing. It also reduced its holding in Willis Towers Watson Pub Ltd by 20,541 shares in the quarter, leaving it with 4.02 million shares, and cut its stake in Technipfmc Plc.

Another recent and important ServiceMaster Global Holdings, Inc. (NYSE:SERV) news was published by Benzinga.com which published an article titled: “Morgan Stanley Takes Neutral Stance On ServiceMaster After Frontdoor Spinoff” on October 02, 2018.

ServiceMaster Global Holdings, Inc. (NYSE:SERV) Ratings Coverage

Among 5 analysts covering ServiceMaster Global (NYSE:SERV), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. ServiceMaster Global had 11 analyst reports since May 2, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, June 14 by Nomura. As per Wednesday, October 3, the company rating was maintained by Stifel Nicolaus. As per Thursday, September 13, the company rating was maintained by Morgan Stanley. Oppenheimer maintained the shares of SERV in report on Wednesday, May 2 with “Outperform” rating. The stock of ServiceMaster Global Holdings, Inc. (NYSE:SERV) has “Buy” rating given on Wednesday, October 10 by Nomura. Morgan Stanley maintained ServiceMaster Global Holdings, Inc. (NYSE:SERV) rating on Wednesday, May 2. Morgan Stanley has “Overweight” rating and $64 target. The firm earned “Overweight” rating on Wednesday, July 18 by Morgan Stanley. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Tuesday, October 2 report. As per Wednesday, August 1, the company rating was maintained by Morgan Stanley.

ServiceMaster Global Holdings, Inc. (NYSE:SERV) Ratings Chart

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